Hims & Hers Health swung to a first-quarter net loss as operating expenses rose year-over-year due to expanded digital care offerings and higher marketing spend, reversing its prior period profit.

Management increased the full-year 2026 revenue forecast, attributing the upgrade to stronger-than-expected demand for personalized healthcare subscriptions and telehealth services among its customer base.

Shares declined sharply in after-hours trading following the earnings release, reflecting investor concerns over rising costs despite the company’s more optimistic revenue outlook.